With a result for the first half of 2007 amounting to nearly 3.4 million euros in local standards, Swiss Life in Luxembourg achieved a big increase of its profit compared to the prior-year period (2.4 million euros).
This profit is mainly derived from the increase of the financial result thanks to higher realised gains compared to the same period last year, an improvement of the result on death and disability risks, and is achieved despite higher operating expenses, due to the increase of the assets under management and of the premiums.
The company continues to focus on the strategic priorities set by the Swiss Life Group: achieve sustainable and profitable growth and strengthen operational efficiency to increase profitability.
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Press release on Swiss Life Group’s half-year result 2007
Swiss Life Group’s half-year report 2007
The Swiss Life Group is one of Europe's leading providers of pension and life insurance products. The Swiss Life Group offers individuals and companies comprehensive advice across a broad range of products via agents, brokers and banks in its domestic market, Switzerland, where it is market leader, and selected European markets. Multinational companies are serviced with tailor-made solutions by a network of partners in over 60 countries and regions. With Banca del Gottardo, the Swiss Life Group is also a provider of private banking services. The bank, with its head office in Lugano, has an extended national and international network and around CHF 36 billion in customer assets under management.
Swiss Life Holding, registered in Zurich, dates back to the Schweizerische Rentenanstalt founded in 1857. Shares of Swiss Life Holding are listed on the SWX Swiss Exchange (SLHN). The Swiss Life Group employs a staff of around 9000